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TEDPIX Notches New High

Tehran Stock Exchange’s benchmark extended its uptrend on Sunday to add 272.3 points or 0.43% to close at 63,071.4. This is the highest level since September 12.
About 55% of listed companies gained to help TSE indices to settle in the green. Petrochemical, automotive, banking and refining sectors were the leading TSE gainers.
According to TSE data, the Price Index rose 106.7 points or 0.43% to hit 24,706.5. The First Market Index climbed 235.8 points or 0.54% to reach 44,044.4. The Second Market Index pulled up 338.3 points or 0.24% to settle at 138,494.3. The Industry Index was up 208.9 points or 0.4% to stand at 51,786.9.
The Free Float Index advanced 526.89 points or 0.79% to close at 70,572.9. The TSE 30 Index jumped 21 points or 0.78% to end at 2,728 and the TSE 50 Index also was up 8.9 points or 0.35% to register 2,577.9.
Despite the uptrend, trade volume and value retreated compared to Saturday. More than 790 million shares changed hands valued at $39.3 million to record 13% and 8.3% pullback in trade volume and value respectively.
Bank Saderat with 65.32 million shares registered the highest daily trade volume followed by Bank Sina and Pars Khodro.
Parsian Oil and Gas Development Company, with a P/E ratio of 5 and 104.48 points, provided the biggest boost to TEDPIX. Jam Petrochemical Company and Iran Khodro—the largest auto manufacturer in Iran–with 61.25 and 21.26 points stood at second and third places respectively.
Close to 405 of listed companies had a downbeat performance. Foolad Khorasan with 106.8 points left the most negative impact on TEDPIX. Mobile Telecommunications Company of Iran and Kharazmi Investment Company with 24 and 8 points stood next respectively.
The equity market is bouncing back on speculations about the implementation of the comprehensive nuclear deal between Iran and P5+1 on the one hand and the government’s newly unveiled economic package to fend off recession on the other.

IFX Up
Iran Fara Bourse’s overall index too staged a fresh rally and rose 5.28 points or 0.73% to end Sunday trade at 726.57.
More than 125 million securities were traded in 19,429 transactions valued at $21.71 million, the IFB reported.
The highest trade volume was registered for Iranian Petrochemical Investment Company with 13.13 million shares.
The highest trade value was filed for Iran Cultural Heritage and Tourism Investment Group Company.
The highest shares’ value was filed for Ballast Company, Shiraz Oil Refining Company and Arman Insurance Company.
Karafarin Insurance, Marjan Kar Company and Zayanderood Housing Investment Company recorded the highest retreat in value.
Isfahan Steel Company, IPIC, Bank Day, TUKA Refractories Production and Services Company, Tehran Oil Refining Company, Lavan Oil Refining Company and Shirvan Sugar Company were on investors’ radar.
The Modern Financial Instrument Market recorded the highest daily trade volume among listed exchange-traded funds for Etemad Fund with the transaction of more than 400,000 units.